Book-keeping and Accounts

Table of Contents

• PART 1 Introduction to Accounting Principles
• Chapters Title
• Introduction to accounting
• The accounting cycle
• The accounting equation and the balance sheet
• The double entry system for assets, liabilities and capital
• The double entry system for the asset of stock
• The double entry system for expenses and revenues
• Balancing off accounts
• The trial balance
• Capital and revenue expenditure
• PART 2 The financial statements of a sole trader
• Trading and profit and loss accounts: an introduction
• The balance sheet
• Financial statements: further considerations
• Accounting concepts
• PART 3 Books of original entry
• Business documentation
• Division of the ledger – Sales day book and sales ledger
• Purchases day book and purchases ledger
• Sales returns day book and purchases returns day book
• Value added tax
• Sales and purchases day books and ledgers with VAT
• The banking system
• Cash books
• Petty cash and the imprest system
• The journal
• Control accounts
• Bank reconciliation statements
• PART 4 Adjustments to financial statements
• Methods of depreciation
• Double entry records for depreciation and the disposal of assets
• Bad debts and provision for doubtful de
• Other adjustments for financial statements
• Extended trial balance
• Stock valuation
• Errors and their effect on accounting records
• Suspense accounts and errors
• PART 5 Financial statements of other organisations
• Single entry and incomplete records
• Club and society accounts
• Partnership accounts
• Limited company accounts
• Manufacturing accounts
• Analysis and interpretation of accounts
• PART 6 Other considerations
• Computers and accounting systems
• Professional ethics
• Appendices
• A Glossary of accounting terms
• B Model layouts for financial statements and worksheets
• C Multi-choice questions
• D Answers to multi-choice questions
• E Answers to exercises
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